Diamond discoveries nothing new
With extensive exploration under way for diamond occurences throughout Canada, including encouraging results in northern Ontario and Quebec, you can imagine my surprise when I was recently reading thr…
News
Spot Prices Wed. March 6, 2002
Precious MetalsPrice (US$/oz.)ChangeGold$294.35-$4.95Silver$ 4.53+$0.08Platinum$508.00+$…
Patrician stakes Blackwater
Patrician Consolidated Gold Mines (PXC-V) has staked the 268-sq.-km Blackwater Lake property, 550 km northwest of Yellowknife, N.W.T.The two claim groups, comprising 33 units, are accessible via a win…
CDNX follows major bourses up
Vancouver — Canada’s junior exchange broke out of its recent slide and posted modest gains during the 5-day report period ended March 5. The Standard & Poor’s/CDNX composite index gained 27.45 points…
GREATEST VALUE TRADED, FEB. 27 – MAR. 5
ExchgVal($000s)HighLowCloseChangeAlcoa*N79945239.7036.5838.43+0.93…
Northern Miner Indices (March 11, 2002)
NORTH AMERICAN MINING INDEXCompanyTickerWeight (%)Barrick GoldABX-T25.5CamecoCCO-T4.1FalconbridgeFL-T5.3Franco-Nevada MiningNMC-T7.0Freeport McMoRan Cop’r BFCX-N5.7IncoN-T9.2Newmont Mini…
Bema finances work at Monument Bay
Junior Bema Gold (BGO-T) has closed a brokered private placement of flow-through shares with Canaccord Capital and Haywood Securities with an eye toward resuming drilling at the high-grade Monument Ba…
Low zinc prices hamper Breakwater
A year of record-low zinc prices translated into a $111-million loss for Breakwater Resources (BWR-T). On a per-share basis, the loss works out to $1.20.By comparison, the company posted a loss of $8….
Orvana begins Don Mario development
It may have taken longer than expected, but Orvana Minerals (ORV-T) has entered the final stretch at the advanced Don Mario gold project in eastern Bolivia.Orvana bought the deposit in 1996 for $43 mi…
TSE Short Positions (March 11, 2002)
Short positions outstanding at February 28, 2002Larger individual positions include Agnico-Eagle 3,511,200 up 1,144,049; Alcan Inc. 1,284078 down 127696; Appalaches Res. 140456 up 140,456;…
Daily Metal Prices (March 11, 2002)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateMarch 5March 4March 1Feb. 28Feb. 27Aluminium1403/14…
Blow to TVX in Greece casts pall over market
The final day of the Feb. 27-March 5 report period saw the Bank of England dump another 643,200 oz. gold on the open market. The bank’s latest auction fetched US$296.50 for every ounce sold and was 3….